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A deed is a legal document that serves as evidence of the transfer of property ownership rights in real estate. It includes essential details such as the signatures of the parties involved, the transaction date, and a description of the property. There are various types of deeds, but this summary focuses on general warranty deeds and special warranty deeds. A warranty deed assures the grantee that the grantor holds legal title to the property and has the right to sell it. Although recording the deed is not mandatory, if it is recorded, the document must be acknowledged.